Bank of New York Mellon Corp Increases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Bank of New York Mellon Corp boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 8.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,287,296 shares of the communications equipment provider’s stock after acquiring an additional 100,454 shares during the quarter. Bank of New York Mellon Corp’s holdings in Motorola Solutions were worth $595,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GHP Investment Advisors Inc. grew its position in shares of Motorola Solutions by 297.6% in the third quarter. GHP Investment Advisors Inc. now owns 167 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 125 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Motorola Solutions by 12.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 84,449 shares of the communications equipment provider’s stock valued at $38,050,000 after buying an additional 9,386 shares in the last quarter. Autumn Glory Partners LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at about $206,000. abrdn plc increased its position in shares of Motorola Solutions by 6.7% during the third quarter. abrdn plc now owns 91,996 shares of the communications equipment provider’s stock valued at $41,207,000 after buying an additional 5,785 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Motorola Solutions by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock worth $1,038,000 after buying an additional 22 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Raymond James boosted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Barclays lowered their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Up 1.2 %

Shares of NYSE:MSI opened at $425.77 on Wednesday. The firm has a market capitalization of $71.08 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 3.82 and a beta of 1.02. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a 52-week low of $326.22 and a 52-week high of $507.82. The firm has a fifty day moving average of $461.37 and a 200 day moving average of $460.57.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. Motorola Solutions’s payout ratio is currently 47.29%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.